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Chemicals giant Sasol this week announced the sale of a 50 percent stake in its troubled Lake Charles project in Louisiana, USA. The deal has generally been seen as positive for the group as the US$2 billion cash injection will go a long way to reducing its formidable debt burden.
Emerging markets across the world are well positioned to recover from the Covid-19 pandemic, thanks to a raft of reforms and baked-in resilience – but while South Africa’s fundamentals appear to be in good shape, it must overcome slow growth and a worrying debt trajectory if it is to take advantage of the opportunities presented by the pandemic.
Extraordinary times call for extraordinary measures. And that is certainly what we’ve been seeing this year in terms of the macroeconomic support provided by the world’s central banks.
Offshore investing has been in the spotlight again recently, but diversifying your portfolio across regions, currencies and industries has always been a good strategy. Maintaining your spending power as the rand depreciates, is another good reason to keep a portion of your portfolio in foreign currency.
How is your business leveraging the efficiencies and scale offered by technology without diluting your human edge?